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Resimac acquires 15% of Asset Financier Positive group

05 Jul 2019
From

Scott McWilliam

Leading non-bank mortgage lender Resimac Group Limited (ASX: RMC) today announced that it has acquired 15% of Adelaide-based fintech Positive Group which specialises in asset finance solutions for consumers, mortgage brokers and small businesses. Consideration for the purchase was $3 million, and Resimac holds an option to acquire a further 10%.

This investment will help to rapidly expand Positive Group’s technology and web assets which currently serves customers via its B2C business Positive Lending Solutions and its B2B tech platform, Nodifi. 

Resimac Chief Executive Officer Scott McWilliam said: “We are excited by the opportunities this partnership brings for both parties.  We believe the Positive Group has a strong growth opportunity through leveraging its Nodifi digital platform which allows Nodifi’s business partners to offer their clients the best available products with the speed and service that is expected in this fast-paced finance environment.

“Our partnership also supports two of Resimac’s strategic priorities, focusing on diversification of asset classes, and improving our customer experience using digital technologies. We are excited about what we can achieve together.”

The Adviser magazine recognised Positive Group as ‘Innovator of the Year’ for its Nodifi platform at the 2018 Australian Broking Awards.

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